The firms aim to begin operations in 2025 and the joint plan will see $4-5 billion of investment in the factory

If successful, VinFast will be Vietnam's first company to list in the United States

The US automaker plans to start selling its EVs in Southeast Asia's second-biggest economy via online channels

Japan is one of the most competitive car markets in the world and is still seen as a stronghold for fossil fuel-powered vehicles

The company delivered 100,291 of its popular electric vehicles last month, which Xinhua said was its best month since opening for production in Shanghai in late 2020

China Evergrande NEV Group said in September it had started producing its Hengchi 5 model at a plant in Tianjin and in late October said it had delivered its first cars, but there appears to be little demand

Zijin has spent $16 billion buying three lithium mines over the past year, but its president says the group aims to become one of the top three to five mining companies in the world by 2030

The company plans to begin selling fully electric versions of its Tang sport utility vehicle (SUV) alongside its Han sedan through eight dealers across Mexico

President held a video call with Tesla chief Elon Musk last week and his office cited Musk as saying South Korea is among the top candidate locations for a new Tesla factory

Production at two VW car plants in China has been impacted by the latest Covid wave sweeping the country, a VW spokesperson said on Monday

Carmaker Vinfast shipped its first 999 EVs to the United States on Friday and more will be on the way in January, the company says

Fitch Ratings says new-energy vehicles will continue to see strong growth next year as more motorists ditch petrol cars. It says EVs will account for 35% of car sales on the mainland in 2023